Magic Software Enterprises Sees Slower Growth In 2023 [Seeking Alpha]
Magic Software Enterprises Ltd. - Ordinary Shares (MGIC)
Last magic software enterprises ltd. - ordinary shares earnings: 3/9 07:18 am
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US:NASDAQ Investor Relations:
magicsoftware.com/investor-relations
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Source: Seeking Alpha
Aja KoskaA Quick Take On Magic Software EnterprisesMagic Software Enterprises (NASDAQ:MGICThe firm provides organizations with an array of IT softwaredevelopment and related consulting services.Given management's tepid growth estimate for 2023 and the potential for further macroeconomic headwinds, I'm Neutral [Hold] on MGIC in the near term.Magic Software OverviewIsrael-based Magic Software Enterprises was founded in 1983 to provide outsourced software development services to customers in Israel and overseas.The firm is headed by Chief Executive Officer Guy Bernstein, who has been with the firm since 2007, was previously CEO of Emblaze, Magic's former controlling shareholder. He is also Chairman of Sapiens International and Matrix IT, both of which are subsidiaries of Formula Systems.The company's primary offeringsinclude the following:The firm acquires customers through its direct sales, marketing, and business development efforts and through partner referrals and word of mouth.Magic
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MGIC
News
- Magic Software Enterprises (NASDAQ:MGIC) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Magic Software Enterprises (NASDAQ:MGIC) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Magic Software Reports Third quarter 2025 Financial Results with Record-Braking Revenues of $161.7$ million – a 13.1% Year Over Year Increase [Yahoo! Finance]Yahoo! Finance
- Magic Software: Q3 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Magic Software Reports Third quarter 2025 Financial Results with Record-Braking Revenues of $161.7$ million – a 13.1% Year Over Year IncreaseGlobeNewswire
MGIC
Earnings
- 11/18/25 - Miss
MGIC
Sec Filings
- 12/11/25 - Form CB/A
- 12/10/25 - Form 6-K
- 12/4/25 - Form CB/A
- MGIC's page on the SEC website